Legal News for Credit Union Managers Since 1990

Archive for May, 2009

26
May
2009

Nondischargeable Debt: Student Loans & No Financial Hardship

Here, the court noted that a student loan would not be a dischargeable debt in bankruptcy unless the debtor could prove undue financial hardship and a poverty level income. Here, the debtor’s income was sufficient to slowly repay the student loan, and the debt was, therefore, nondischargeable. Cadle Company v. Sheila Webb, 132 B.R. 199. Author: […]

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